Comments on: Taking Stock

By: Tough Times | Organic/Mechanic

Tough Times | Organic/Mechanic — Sun, 08 Mar 2009 00:29:56 +0000

[...] I lost my shirt with my pension plan and my deferred compensation plan. [...]

By: jmay

jmay — Wed, 22 Oct 2008 14:35:58 +0000

Very good to start doing that. My college advantage plan is called working at Notre Dame. As long as I’m employed here the kids can go here for room & board and to any other college for up to 80% of ND’s tuition. If you want I can always keep an eye open in the web dev office for you.

By: Adam Harvey

Adam Harvey — Thu, 16 Oct 2008 22:33:32 +0000

I’m still steadily investing in my pension plan; its just the extra deferred compensation that I’m bailing from for the time being. I’m considering starting up a College Advantage plan for Abraham, so I’ll likely start putting cash into that instead.

By: jmay

jmay — Thu, 16 Oct 2008 16:52:55 +0000

I’ve just set my % and have stuck to it. Sure I could dig into it during hard times (like now), but I look at it as disciplined savings. I have to be as disciplined in setting aside money as I am in spending. It is too bad that my rainy day fund is now gone, but I’m still very leary of pulling money out of retirement funds as if things actually get worse, then I might need it and it’s not all going away over night (even if it did lose several thousand over the last 3 weeks).

By: Adam Harvey

Adam Harvey — Wed, 15 Oct 2008 18:39:35 +0000

Some other folks have told me the same thing, and I understand the logic behind it; but I’d much rather put that extra cash into paying down my student loan debt or saving toward the down payment for another house or refinancing of my current one.

By: jmay

jmay — Wed, 15 Oct 2008 13:58:19 +0000

I “lost” 30% this year and “made” 24% the year before. I look at it this way: I may not be making money on the money I’m putting in there, but I’m buying ending up with more shares than I was getting a year ago (I’m getting something like 30% more shares with the same amount of money). So when this whole stock thing gets up to where it was I should get my 30% back and then some. It’s not where you are at any given time, it matters where it is at when you finish. So retiring now would be a bad move (but then I think we knew that already) Here is to having a excellent stock prices 35 years from now….

By: GRANDPA HARVEY

GRANDPA HARVEY — Fri, 10 Oct 2008 23:30:44 +0000

INVEST IN YOUR OWN ANNUITY THAT IS GUARANTEED. INDEX ANNUITY WITH NO LOSS GUARANTEES. DAD